1/3 of all UK mortgage holders could be paying more than they need to.
Just over 9 million people in the UK are mortgage holders.
According to figures recently published by the BBC, approximately a third of all these mortgage holders pay a tracker rate or their lender’s SVR. While every individual’s circumstances are different, a large proportion of these people may not realise that they are in a position to switch mortgage products and could make substantial savings.
Are you paying more for your mortgage than you need to?
The impact of the recent rise in the key base rate will have meant an increased monthly mortgage repayment for those on a tracker rate or SVR. Their annual repayment is most likely to have gone up by anything from £112 to £374 or more, depending on the size of the outstanding mortgage.
If this has happened to you and you are wondering if there’s any way you can pay less for your mortgage, why not have a chat with us here at Deal Direct?
We offer to carry out a full review of your current circumstances, including:
- assessing the mortgage you have right now
- examining the terms and conditions
- researching the whole UK market for viable alternatives
- comparing all the suitable options
- recommending a switch only when it’s appropriate and in your best interests
If you suspect that you could be paying less for your mortgage, the easiest way to find out is by consulting with independent UK mortgage broker, Deal Direct.